Energy News Beat The Independent Power Transmission Operator (IPTO or Admie) of Greece has announced the suspension of all electricity imports in the hours around noon through May 7. According to the official announcement of IPTO, the import capacity in interconnections with Italy, Albania, North Macedonia, Bulgaria and Turkey will be zero from 8:00 until 17:00 every day from […]
Energy News Beat bp has disclosed its financial performance for the first quarter of 2024. The energy giant reported an underlying profit of $2.7 billion (£2.1bn), which fell short of analyst predictions by a slight margin. This figure represents a decline from the $5 billion (£3.9bn) profit recorded in the same period last year. The […]
Energy News Beat Pennsylvania Governor Josh Shapiro has unveiled the Commonwealth’s new renewable energy initiative, which will see the State generate 50% of its electricity use from 10 new solar arrays. This initiative – known as the Pennsylvania Project to Utilize Light and Solar Energy (PA PULSE) – will make Pennsylvania the first state in […]
Energy News Beat North Sea oil drilling is set to persist for years beyond Britain‘s net zero deadline, with officials granting approval for 31 new licences for oil and gas exploration. These licences, allocated to fossil fuel companies, are projected to extend production until as late as 2060, marking an extension of approximately two decades […]
Energy News Beat Cargoes of an oil product from Russia are building up at sea as South Korean buyers turn cautious, highlighting how the invasion of Ukraine continues to impact flows more than two years after the war began. More than 2 million barrels of Russian naphtha, a building block for plastics, have been held […]
Energy News Beat It seems that no one remembers the Oil Embargo of 1973, just 50 years ago, as America’s National Security is now with China’s monopoly of critical Minerals! In 1973, the Organization of Arab Petroleum Exporting Countries (OPEC) imposed an oil embargo against the United States, triggering a crude oil crisis that sent […]
Energy News Beat The TikTok ban shows how decisions end up rushed—after being ignored. The same decision can be smart at the right time or disastrous at the wrong time. The recent passage of a bill that forces Chinese company ByteDance to divest from TikTok or face a ban on the video-sharing app in the […]
Energy News Beat Daily Standup Top Stories Replacing a Talen Energy coal-fired power plant with battery storage is infeasible: PJM May 6, 2024 Mariel Alumit An 800-MW, four-hour battery is “not a realistic option” for replacing Talen Energy’s 1,280-MW, coal-fired Brandon Shores power plant near Baltimore, according to the PJM Interconnection. The Sierra Club’s proposed battery […]
Energy News Beat Giant Chevron and mid-cap Cheniere have said they are bullish on natural gas demand, which Chevron CEO Mike Wirth says he expects to beat expectations due to surging electricity consumption from big tech. Speaking to CNBC on Monday, Wirth said that while the market for natural gas was evolving rapidly, making it […]
Energy News Beat The Federal Trade Commission last week gave the green light to Exxon’s acquisition of Pioneer Natural Resources. The FTC alleged that Sheffield had colluded with OPEC and OPEC+ members to limit production and increase oil prices. In a response to the FTC allegations, the company defended its founder, saying he had always had the […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
